Wool Overs, the online and mail order knitwear retailer, has been acquired by private equity firm Langholm Capital. Clearwater International advised the founders of Wool Overs on the sale.
Founded by Mark and Clare Shenton in 1989, Wool Overs has developed from a business selling cable-knit sweaters at country shows to an international online retailer selling over 150 different styles of jumpers, sweaters and cardigans.
Based in West Sussex, the business has been recognised as a ‘Fast Track 100 One to Watch’ – with turnover increasing by 25% in each of the last two years. One-third of the company’s sales are now generated overseas, with its online channel being a key route to market.
Langholm Capital specialises in partnering with high-growth consumer facing businesses, such as Dorset Cereals and Tyrrells Crisps, and the firm has long been interested in the branded online retail space.
Clearwater International advised Wool Overs on the deal. The team was led by partner Gareth Iley, supported by associate director Helen Lowe. This is the fifth deal that Clearwater International has completed in the Consumer sector in 2015.